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W W W. M A I N E B I Z . B I Z 9 J U LY 1 3 , 2 0 1 5 Nick Kleftis, was unavailable for comment. But the company's former owner, Stan Pollack, told the Press Herald that the store closures were likely the result of rising competition from online retailers and a decrease in luxury spending, among other factors. Nova Star sees boost in June ridership Nova Star Cruises said June ridership increased by 26%, to 8,530 passengers, from the same month last year. If that trend continues, the Portland-Nova Scotia ferry service said, it will exceed 2015 ridership goals. e Bangor Daily News reported that June's numbers bring Nova Star to roughly 10% of its total ridership goal for the year, meaning that it will have to attract about 70,000 passengers through July and August to reach expectations. Nova Scotia said it will continue to subsidize Nova Star if the ferry ser- vice performs well this season. Sprague proposes Portland boatyard expansion Phineas Sprague Jr., the owner of Portland Yacht Services, is proposing to expand his boatyard on Portland's waterfront. e Portland Press Herald reported that the proposal calls for a new 30,250-square-foot steel building on Commercial Street. e building would contain offi ces for the boat- yard, a parts room and retail space for selling marine-related products. N O T E W O R T H Y S O U T H E R N The University of New England and the Maine Army National Guard com- pleted a land and building exchange that grants the university ownership of the Guard facility on Stevens Avenue in Portland in exchange for 29 acres of land in Saco to build a modern Readiness Center. CEI Ventures Inc., a wholly-owned subsidiary of Coastal Enterprises Inc., announced the sale of start-up life science instrumentation company AVIA Biosystems in Norton, Mass. Cultivation Works, a social enter- prise of Creative Work Systems in Portland, received a $15,000 grant from the Healthy People Healthy Places program of the Elmina B. Sewall Foundation to expand its program and improve its year-round greenhouse growing capacity and other garden facilities. NBT Bank's Commercial Banking team would like to thank these valued clients for establishing a relationship with us. Member FDIC Contact us today to learn how our experienced team can help with everything that counts to your business. John Watt 207.773.0010 Kimberly Twitchell 207.808.4487 Joe Delano 207.808.4486 Stephen Lubelczyk 603.263.1442 Tara Trafton 603.531.1063 • J. Tim Soley East Brown Cow LLC, Soley Wharf LLC and Soletsky LLC, Portland • Coastal Enterprises, Inc. (CEI) Wiscasset • Joseph Porta India Middle Junction LLC, Portland NBT Bank Maine Regional Headquarters 254 Commercial Street Merrill's Wharf, 2nd Floor Portland, ME In business, relationships count. If you're a subscriber, you'll automatically receive this special issue. If not, make sure to order your copy. To order, call 207.761.8379 x332 or email kansley@mainebiz.biz Be sure to get your copy! Nominations have closed for this year's program, and Mainebiz is in the process of choosing our 2015 Women to Watch. We will profile the honorees in our special Women to Watch issue on August 10. To order, call 207.761.8379 x332 PRESEN T ING SP ONSORS FOLLOW US @MBEVENTS #MBW2W15 Tuesday, September 15 5:00pm–7:00pm Join Mainebiz as we celebrate the 2015 Women to Watch! The Westin Portland Harborview F U L L C O N T E N T S O N PA G E 4 » M O R E I N S I D E T H E L I S T C O N T I N U E D O N PA G E 2 0 » B y J a m e s M c c a r t h y S E E W H O ' S N E X T O N PA G E 3 0 » 16 22 25 F O C U S H R /B E N E F I T S P L A N N I N G S TA R T I N G O N P A G E 12 » Harbor Technologies challenges the supremacy of steel and concrete bridge beams B y J a m e s m c c a r t h y Martin Grimnes, founder and CEO of Harbor Technologies Inc. in Brunswick, says composites will play an ever-greater role in building highway bridges, piers, ports, harbors and marinas due to their lighter weight, longer life cycle and lower maintenance costs. $2.00 June 29, 2015 VO L . X X I N O. X I I I www.mainebiz.biz Find out who we've named as our 2015 Women to Watch in the August 10 issue.